SAP News Overview for October 2022 - Safe O'Clock

SAP News Overview for October 2022

November 10, 2022

SAP receiver 100 awards in 2022

SAP received a total of 100 awards in 2022. The company has shown special results in such nominations as the best employer, receiving 47 awards and the best jobs, receiving 23 awards. In addition, SAP has also received awards for equality, 20 awards, and early career talent, 10 awards.

“SAP is committed to being the most diverse and inclusive cloud company in the world, a place where every employee can make an impact and be appreciated for their unique perspective,” commented Ryan Olah, director of Content and Community for Life at SAP. 

SAP is available for highly regulated industries

SAP Business Network Chief Product Officer, Muhammad Alam said that SAP solutions will become available for highly regulated industries such as defense, medicine, government and space exploration. It is planned to expand activities in these areas, including outside the United States.

The solutions that are planned to be promoted in the spheres mentioned above are included in the NS2 portfolio – the name refers to the National Security Services. A package of enterprise applications, analytics, databases, cybersecurity, cloud and mobile software solutions is assembled to fully meet the needs of customers in the United States, homeland security and critical infrastructure.

In addition, SAP announced that SAP Fieldglass, a cloud-based supplier management system, is now also available in the SAP NS2 portfolio. The system was created in accordance with the benchmarks of the National Institute of Standards and Technology (NIST) in accordance with the Federal Risk and Authorization Management Program (FedRAMP).

Third quarter SAP results

As the third quarter ended September 30, 2022, SAP SE announced the results of this period. 

The development and adoption of cloud technologies continues to grow while cloud revenue grew 38% and 25% in constant currencies. 

Cloud current backlog rose 38% and 26% at constant currency, while SAP S/4HANA cloud current backlog up 108% and 90% at constant currency.

IFRS cloud gross profit increased up 44%, non-IFRS cloud gross profit rose 42% and up 30% at constant currencies while IFRS operating profit went down 1%, non-IFRS operating profit keeps flat and down 8% at constant currencies. 

“We have delivered a strong cloud quarter with accelerating momentum across all key cloud indicators. We’re at an important inflection point in our transformation which we anticipate will lead to accelerating revenue growth and double-digit operating profit growth in 2023,” commented Luka Mucic, CFO at SAP. 

 

 

 

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